Last Testament.

The article focuses on the last will and testament of Henry R. Luce which has been filed New York County surrogate's Court in New York state. It notes that the Henry Luce Foundation, which was set up in 1936 in honor of Luce's father Henry Winter Luce, is the principal beneficiary of the 110 million dollar estate of Luce. It also depicts the other beneficiary of the will which include the Time Inc. with 149,465 shares of common stock as well as Luce's two sons Henry Paul III and Peter Paul.